BTC = Black Swan.BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.

I think this is good news! Let's get this party started! I hope they close all legal ways to trade for fiat.Maybe then we'll finally be rid of speculators who are only in bitcoin to make fiat and cash out.Maybe it will bring more people who are willing to buy and sell goods and services for Bitcoin, rather than converting it to fiat as soon as they get it.

Clearly you aren't an on-line merchant! No chance we'd support Bitcoin if we couldn't convert to fiat and the same will go for almost everyone out there.

I'm predicting that the official word will be that this is to stop terrorists. That's the catchphrase everyone uses now to rally support. Heck, even Syria's Assad calls his rebels terrorists for the same purpose.

Call me an aluminium hat wearing cray cray individual but just wait until a terrorist attack or kidnapping happens and they surprisingly find out a tie to BTC... Israel has already claimed that Bitcoin is related to terrorism and painted it in propoganda, guess some countries are getting a head start Business: Virtual terror finance

Well pretty much anything that goes against the corporate interests that dictate policy to the US gov is 'terrorism'.

I always expected BTC to be tied to the blood-drinking terrorists boogeymen at some point, because banks don't want to loose their monopoly on currency.

I wonder if we will see a slow decline over the next few days as this gets reported in the news.

This could be very bad for bitcoin if it is a sign that the US govt is cracking down. If they manage to shut down the exchanges or prevent anyone from sending US dollars to them, if could effectively kill bitcoin. And no, I don't think bitcoin can survive as a currency that exists everywhere but the US. This is scary and I'm surprised the market has not reflected this yet.

Hopefully this was because of some misuse of MtGox's dwolla account when it comes to AML regulations and not a sign of things to come.

I wonder if we will see a slow decline over the next few days as this gets reported in the news.

This could be very bad for bitcoin if it is a sign that the US govt is cracking down. If they manage to shut down the exchanges or prevent anyone from sending US dollars to them, if could effectively kill bitcoin. And no, I don't think bitcoin can survive as a currency that exists everywhere but the US. This is scary and I'm surprised the market has not reflected this yet.

Hopefully this was because of some misuse of MtGox's dwolla account when it comes to AML regulations and not a sign of things to come.

On the other hand, it could highlight exactly why bitcoin is useful by showcasing how it's possible, against the wishes of a government, to nearly instantly transfer value around the world without the realistic possibility of the funds getting seized.

Clearly you aren't an on-line merchant! No chance we'd support Bitcoin if we couldn't convert to fiat and the same will go for almost everyone out there.

Cool. Free country. (Well, not really free, but we all already knew that deep down.)

If Bitcoin without fiat is only useful for buying drugs and occasional 10k pizzas, I think it's best we find that out now. No need to waste time.

I bet it's useful for more than that though. Let's see.

But you need to get your fiat converted to bitcoin to begin with. Unless you want Bitcoin to only be for the miners or only for people who sell things to people who have bitcoin. In that case it is massive FAIL for bitcoin for anything but a very small niche market. Of course that is what is inevitable because the big Banks will make this happen but it's definitely not a good thing.